I would have originally answered this questions as No. But I know now it is a yes. It has happened to me this many times times so far. Read the circumstances below.
Chase Plans To Cancel Rob’s Chase British Airways Visa Card But Is Letting Me Stop It If I Want To
Barclays Canceled My AAdvantage Aviator Red World Elite MasterCard
Barclays Canceled Rob’s JetBlue Mastercard And It Was Totally My Fault!
Citibank Canceled Rob’s CitiBusiness/AAdvantage Platinum Select World MasterCard
Chase Plans To Cancel My Chase Disney Premier Visa Card
Chase Plans To Cancel Rob’s Chase Disney Premier Visa Card
Citibank Canceled My Citi Hilton HHonors Visa Signature Card
American Express Canceled My American Express Hilton HHonors card